Bringing Capex Transparency to the Oil & Gas Industry

The Problem

Even the best engineers and investors are making decisions with incomplete cost data

• Well costs, when disclosed, are in aggregate, without context or comparability
  
• Public filings rarely break out cost drivers
  
• Without visibility into true benchmarks, accurate modeling and capital allocation suffer

Our Solution

• Benchmark costs down to the component level
  
• Match well designs to performance
  
• Pull and analyze thousands of Actuals costs and AFEs
• Investigate Source Data
• Updated monthly

 

✅ The most comprehensive well cost solution for Lower 48 upstream.

Unmatched Visibility Across the Lower 48

• 94,000+ wells and growing
  
• Six states across most major basins
  • Texas, Louisiana, Oklahoma, New Mexico, Colorado, and Ohio
    
  • Wyoming, Utah, North Dakota coming soon
• AFE and Actual costs, broken into subcomponents where available
• Supporting well data
  • Production, Header Info, Completion Stats, Surveys, Well Tests, Location shapefiles, Filing Links
  • Future enhancements: ARIES exports and well-level commodity pricing support

Structure of Cost Breakdown data

Operator	API	Phase	Standardized Category	Operator-Defined Code	Operator Category	Capex, US$
Permian Resources	3001554950	PreDrill	Legal	1	Land / Legal / Regulatory	$50,668
Permian Resources	3001554950	PreDrill	Site Construction	2	Location, Surveys & Damages	$262,617
Permian Resources	3001554950	PreDrill	Insurance	95	Insurance	$12,575
Permian Resources	3001554950	Drill	Directional Drilling	10	Directional Drilling, Surveys	$368,469
Permian Resources	3001554950	Drill	Drilling Rig	11	Drilling	$646,640
Permian Resources	3001554950	Drill	Drill Bits	12	Drill Bits	$85,933
Permian Resources	3001554950	Drill	Fuel, Water, Power	13	Fuel & Power	$784,041
Permian Resources	3001554950	Drill	Cement & Cementing Services	14	Cementing & Float Equip	$208,704
Permian Resources	3001554950	Drill	Mud & Additives	20	Mud Circulation System	$90,250
Permian Resources	3001554950	Drill	Mud Logging	21	Mud Logging	$15,037
Permian Resources	3001554950	Drill	Wireline Services	22	Logging / Formation Evaluation	$13,389
Permian Resources	3001554950	Drill	Mud & Additives	23	Mud & Chemicals	$695,593
Permian Resources	3001554950	Drill	Fuel, Water, Power	24	Water	$837,891
Permian Resources	3001554950	Drill	Fluid Disposal	28	Mud / Wastewater Disposal	$218,104
Permian Resources	3001554950	Drill	Labor & Supervision	30	Rig Supervision / Engineering	$232,397
Permian Resources	3001554950	Drill	Labor & Supervision	32	Drlg & Completion Overhead	$8,941
Permian Resources	3001554950	Drill	Labor & Supervision	35	Labor	$205,145
Permian Resources	3001554950	Drill	Transportation & Hauling	4	Freight / Transportation	$97,055
Permian Resources	3001554950	Drill	Rental Equipment	5	Rental - Surface Equipment	$379,999
Permian Resources	3001554950	Drill	Rental Equipment	6	Rental - Downhole Equipment	$227,518
Permian Resources	3001554950	Drill	Casing	60	Surface Casing	$108,321
Permian Resources	3001554950	Drill	Casing	61	Intermediate Casing	$305,096
Permian Resources	3001554950	Drill	Casing	63	Production Casing	$608,837
Permian Resources	3001554950	Drill	Wellhead	66	Wellhead	$95,964
Permian Resources	3001554950	Drill	Casing	67	Packers, Liner Hangers	$32,316
Permian Resources	3001554950	Drill	Support Services	7	Rental - Living Quarters	$87,980
Permian Resources	3001554950	Drill	Other	97	Contingency	$20,949
Permian Resources	3001554950	Complete	Completion Rig	15	Completion Unit, Swab, CTU	$13,983
Permian Resources	3001554950	Complete	Wireline Services	16	Perforating, Wireline, Slickline	$337,239
Permian Resources	3001554950	Complete	Stimulation & Sand Control	17	High Pressure Pump Truck	$105,747
Permian Resources	3001554950	Complete	Completion Rig	18	Completion Unit, Swab, CTU	$125,656
Permian Resources	3001554950	Complete	Stimulation & Sand Control	25	Stimulation	$698,292
Permian Resources	3001554950	Complete	Flowback & Well Testing	26	Stimulation Flowback & Disp	$244,151
Permian Resources	3001554950	Complete	Stimulation & Sand Control	54	Proppant	$1,076,755
Permian Resources	3001554950	Complete	Tubing	65	Tubing	$134,827
Permian Resources	3001554950	Complete	Production/Facility Equipment	68	Tanks	$67,414
Permian Resources	3001554950	Complete	Production/Facility Equipment	70	Flow Lines	$38,522
Permian Resources	3001554950	Complete	Artificial Lift	72	Artificial Lift Equipment	$86,675
Permian Resources	3001554950	Complete	Support Services	74	Installation Costs	$28,892
Permian Resources	3001554950	Complete	Instrumentation	77	Measurement & Meter Installation	$28,892
Permian Resources	3001554950	Complete	Production/Facility Equipment	79	Interconnecting Facility Piping	$19,261
Permian Resources	3001554950	Complete	Production/Facility Equipment	84	Electrical / Grounding	$48,153

Research That Adds Real Value

Fast, visual, and data-rich research grounded in real-world well costs and backed by deep expertise in upstream strategy, cost modeling, and valuation.

Bison’s U-turn in the DJ

Isolated Misfire or Learning Curve? Dissecting Bison’s Colorado U-Turns

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Paloma Haynesville Capex Analysis

Capex in the Haynesville: Paloma sale to Citadel

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Cherokee in the Western Anadarko

“I Don’t Cook, I Don’t Clean”… But I Do Frac that W.A.B.

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Elevation Barnett & IOG JV

Can’t Sell It? Drill It. Elevation Turns to IOG in the Central Basin Barnett.

Read More →

Individual Access Plans

AFE Leaks is built for flexibility — whether you’re benchmarking across the basin or diving deep into single-well cost breakdowns.

Basic

• ✔ Limited App Acccess
• ✔ Benchmark well costs across operators
• ✔ Evaluate key cost drivers vs costs
• ❌ No single-well granularity
• ❌ No detailed cost breakdowns

Subscribe ($10/month)

Subscribe ($100/year)

Premium

• ✔ Full App Access
• ✔ All Basic features
• ✔ Single-well AFE and actual cost analysis
• ✔ Cost breakdowns by phase & component
• ✔ Access supporting well information

Subscribe ($100/month)

Subscribe ($1000/year)

All subscriptions include full access to AFE Leaks Research — well costs, market trends, and strategic insights.

Enterprise / API Access

AFE Leaks offers direct API access for institutional users who want to integrate real cost data into internal workflows.

What You Can Do

• 🔍 Analyze capex at scale
• 📊 Break out costs by component and operator
  
• 🗺️ Benchmark spatially across counties and basins
  
• 🧩 Integrate into Python, R, Power BI, Excel, Spotfire, or custom tools

Why It Matters

• ⚡ Live access to actual + AFE cost data
  
• 🧠 Clean, standardized data ready for modeling
  
• 🔐 Unlocks operator-level transparency across the U.S.

👉 Try the Demo Dashboard (no login required)
📬 Request Full API Access

Why It Matters

“You can’t compete on cost if you can’t see the benchmark.”

• Investors overpay without transparency
  
• Cost comps support A&D, underwriting, diligence
  
• We’re the source that sees beneath the PowerPoint
• Identify opportunities for cost savings

Where We’re Going

We aim to create a global capex disclosure solution — across basins and sectors — helping investors and operators allocate capital with precision, not guesswork.

• 🌍 From U.S. shale to global
  
• 🔎 From AFEs to sanctioned megaprojects
  
• 📊 From PDF reports to API-fed models

Let’s Talk

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📧 Contact Us

🔒 AFE Leaks Disclaimer

Last updated: May 2025

📌 General Disclaimer

The content, data, and tools provided on the AFE Leaks platform (including research articles, dashboards, and API access) are for informational purposes only. While we strive for accuracy and completeness, we make no guarantees or warranties — express or implied — regarding the accuracy, timeliness, or applicability of any information provided.

📉 Not Investment Advice

AFE Leaks does not provide investment, financial, or legal advice. The information presented through this site, including well cost data, benchmarking, or commentary, is not intended to be — and should not be interpreted as — a recommendation to buy, sell, or hold any security or make any investment decision.

All investment or operational decisions made based on this information are done at your own risk.

🧾 Data Limitations

The well cost and performance data published by AFE Leaks is derived from public records, regulatory filings, and other sources believed to be reliable. However, the completeness, consistency, and comparability of such data can vary. AFE values, categories, or cost breakdowns may be subject to operator reporting methods or rounding, and may not reflect full-field actuals or economic results.

Use of this data should be done with appropriate engineering or financial context.

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